Even the Obama-friendly crowd at Denver’s Abraham Lincoln High School didn’t seem awe-inspired by the president’s repeated “pass the bill” demand on Tuesday. President Barack Obama repeated the boring and misleading story of Warren Buffett’s secretary in a desperate effort to spend another $450 billion on stimulus. He pitted plumbers against billionaires, again. The moment he went off script, the gaffe king forgot the name of Sen. Michael Bennet, D-Colo. The once-powerful Oz has become the man behind the curtain.
Obama’s presidency has done more to boost free-market advocacy than all conservative proselytizing combined. Americans understand more than ever that government cannot produce wealth, create jobs or make life free. Obama can’t put fuel in our cars or pay our mortgages. Americans understand that Obamacare and other onerous mandates on business have killed economic growth. They understand that our country is mired in debt and cannot simply write more IOUs in order to build things.
Obama spoke of a jobs bill that would give rewards for those who hire Americans who have been unemployed for at least six months. Here’s the problem: An incentive that favors the long-term unemployed disfavors the newly unemployed. If Obama gets his way, the recently unemployed would have to endure unemployment for at least six months before being given serious consideration. Why hire someone fired a week ago when there’s a $4,000 bounty on the long-term unemployed? This, from a “jobs” bill.
The jobs bill is clearly another push in the direction of creating a planned economy, rather than one crafted and kept in check with billions of consumer decisions made freely each day. By fundamentally changing our economy to one that is planned by a powerful few, we will see more episodes of authority taking other people’s money in order to spend it on those deemed most worthy. The long-term unemployed will be more worthy than the short-term unemployed. Companies with solar contraptions will be more worthy than oil producers. We’ll see more fiascos such as the defunct Solyndra, which received a $535 million loan guarantee from Obama that will be paid for with money confiscated from those deemed less worthy.
The “jobs act” stands to harm and destroy charities throughout the country. That’s because one of Obama’s soak-the-rich schemes would lower the rate at which individuals making $200,000 or more deduct charitable donations. This would come at a cost of billions to charities throughout the country.
“If charities have less resources, they’ll be forced to choose between laying off employees or cutting needed services,” said William C. Daroff, vice president for Public Policy at the Jewish Federations of North America, in an article published by The Chronicle of Philanthropy.
When government gives away money, it takes away money. It kills the incentive to produce and the economy shrinks. That’s the bill Obama demands we embrace for the sake of “jobs.”